FirstSave 1 year Bond Paying 1.7%

veryintrigued

SFindlay said:

veryintrigued said:

I've been with First Save for years. They used to have some tremendous products.
Brilliant and efficient.
Opened one of the 1.7% recently and showed online within hours.

Thanks for that, opened one too but was waiting to fund as wondered why not featuring but will now fund it as don't think anything will be touching 1.7% any time soon!! 

I suspected it is a glitch i.e. that they shouldn't be offering this product at the moment but for those who have managed to ignore the front page (which states that they have none of these on offer) and apply and fund the account - they have honoured this.

I don't think it'll be around for long.

As I say I already had accounts and this is showing funded on my online view.

nottsphil

SFindlay said:

nottsphil said:

SFindlay said:

nottsphil said:

'Bank' and 'Nigerian' should start alarm bells ringing. So, FSCS regulation means £85K of your capital is fully protected, does it? 

FirstSave is a UK regulated subsidiary therefore yes funds up to £85,000 protected. They have previously featured in MSE best buy tables. 

OK everyone, try putting First Save or even Bank of Nigeria into the search box here

Yeah done that and comes back as authorised since 2002!!! Your point is what??? 

I've just done it again. Again it doesn't appear, it comes up as FBN Bank Ltd. 

SFindlay

nottsphil said:

SFindlay said:

nottsphil said:

SFindlay said:

nottsphil said:

'Bank' and 'Nigerian' should start alarm bells ringing. So, FSCS regulation means £85K of your capital is fully protected, does it? 

FirstSave is a UK regulated subsidiary therefore yes funds up to £85,000 protected. They have previously featured in MSE best buy tables. 

OK everyone, try putting First Save or even Bank of Nigeria into the search box here

Yeah done that and comes back as authorised since 2002!!! Your point is what??? 

I've just done it again. Again it doesn't appear, it comes up as FBN Bank Ltd. 

That stands for First Bank of Nigeria, go to bottom and check trading names. 

bowlhead99

nottsphil said:

SFindlay said:

nottsphil said:

SFindlay said:

nottsphil said:

'Bank' and 'Nigerian' should start alarm bells ringing. So, FSCS regulation means £85K of your capital is fully protected, does it? 

FirstSave is a UK regulated subsidiary therefore yes funds up to £85,000 protected. They have previously featured in MSE best buy tables. 

OK everyone, try putting First Save or even Bank of Nigeria into the search box here

Yeah done that and comes back as authorised since 2002!!! Your point is what??? 

I've just done it again. Again it doesn't appear, it comes up as FBN Bank Ltd. 

Well, if you go to any of the the FirstSave web pages they are footed: 

• FirstSave is provided by FBN Bank (UK) Ltd, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority

So, your fear that they are not actually UK regulated is somewhat unfounded, especially as when you typed First Save into the Financial Services Register search tool it came up as FBN Bank (UK) Ltd ...

Tildaplum

Showing 'currently unavailable' on their website so obviously no longer available

typistretired

See first post.  Although showing as unavailable you can still apply.

castle96

just applied/confirmed

colsten

veryintrigued said:

As I say I already had accounts and this is showing funded on my online view.

I applied as a new customer a couple of days ago. I have confirmation that my account is open but haven't received my userid yet and won't make any deposit until I do. Fingers xed.

EDIT 14/03/2020: I now have online access and the account is funded. Happy days 

nottsphil

bowlhead99 said:

nottsphil said:

SFindlay said:

nottsphil said:

SFindlay said:

nottsphil said:

'Bank' and 'Nigerian' should start alarm bells ringing. So, FSCS regulation means £85K of your capital is fully protected, does it? 

FirstSave is a UK regulated subsidiary therefore yes funds up to £85,000 protected. They have previously featured in MSE best buy tables. 

OK everyone, try putting First Save or even Bank of Nigeria into the search box here

Yeah done that and comes back as authorised since 2002!!! Your point is what??? 

I've just done it again. Again it doesn't appear, it comes up as FBN Bank Ltd. 

So, your fear that they are not actually UK regulated is somewhat unfounded, especially as when you typed First Save into the Financial Services Register search tool it came up as FBN Bank (UK) Ltd ...

... which wasn't the bank mentioned in the OP. 

SFindlay

veryintrigued said:

SFindlay said:

veryintrigued said:

I've been with First Save for years. They used to have some tremendous products.
Brilliant and efficient.
Opened one of the 1.7% recently and showed online within hours.

Thanks for that, opened one too but was waiting to fund as wondered why not featuring but will now fund it as don't think anything will be touching 1.7% any time soon!! 

I suspected it is a glitch i.e. that they shouldn't be offering this product at the moment but for those who have managed to ignore the front page (which states that they have none of these on offer) and apply and fund the account - they have honoured this.

I don't think it'll be around for long.

As I say I already had accounts and this is showing funded on my online view.

Think you could be right about glitch but are honouring it as I've now funded mine and its showing in my account.